Press TV

Iran jobless rate down slightly to 9.2% in fiscal 2021-22

Figures by the Statistical Center of Iran (SCI) show that the country’s unemployment rate dropped slightly in the year to March 20.

Macro Economy

Iran eyes barter trade of car parts, gas turbines for Russia’s steel

Iran and Russia may introduce major barter arrangements to facilitate trade between the two countries, including a plan that could allow Iran to import steel from Russia in return for exports of car parts and gas turbines to the country.

Trade

Iran plans to make locomotives in partnership with Siemens, GM

Iran plans to set up joint ventures with major global manufacturers of locomotives, including the General Electric and Siemens, as part of plans to expand its railways.

Transportation

Iran, Russia sign major cooperation documents to boost energy, banking ties

Iran and Russia have signed three major memoranda of understanding (MoU) to expand energy and banking ties, says Iran’s Oil Minister Javad Owji.

Energy

Iran, Oman sign 12 cooperation agreements

Iran and Oman have signed 12 cooperation documents and memorandums of understanding for the expansion of bilateral cooperation in various fields, as Iranian President Ebrahim Raeisi visits the Persian Gulf sultanate.

Macro Economy

Iran agrees to jointly develop Hengam oilfield with Oman

Minister of Petroleum Javad Owji says Iran agreed to form a committee with Oman to jointly develop the Hengam oilfield, which straddles their sea border.

Energy

Iran reports annual record in electricity use

Electricity use in Iran has peaked to an annual high of 50 megawatts (MW) per hour as authorities expect the consumption to rise in the coming days with a warm spell driving up cooling demand across the country.

Energy

Iran launches 320 MW power plant in Qeshm island

Iran has launched a major power plant in its largest island in the Persian Gulf amid efforts to boost investment in the region.

Energy

China to receive 2 million barrels of Iranian oil within days

A very large Iranian crude carrier is set to discharge 2 million barrels into an oil terminal in China this week after Western media reports claimed that Beijing might be replacing Iran’s barrels with cheaper Russian shipments.

Energy

Iran to barter crude oil for grains from Cuba

Iran will barter its crude oil for grain shipments from Cuba as part of agreements reached between senior officials from the two countries in recent weeks, says a senior Iranian Foreign Ministry official.

Trade